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Mitek Systems MITK Software license and support — Revenue

Other product segments

SaaS
$24.83M
Professional services and other
$586K

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Other financials

Income statement

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Revenue$54.0M+18.2%
Gross profit$31.4M-8.8%
Operating income$11.5M+203%
Net income$8.4M+249%
EPS (diluted)$0.17+240%

Balance sheet

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Cash & equivalents$90.0M-29.2%
Total debt$51.7M+1,798%
Total equity$250.5M+5.4%
Total assets$368.1M-17.6%

Cash flow

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Operating cash flow$27.2M+25.9%
CapEx$1.8M+459%
Free cash flow$25.3M+19.2%

Valuation

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Market cap$834.31M+88.2%
Enterprise value$795.94M+150%
P/E37×+8.4×
P/S4.2×+1.7×

Profitability

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Gross margin86.7%+0.5pp
Operating margin17.8%+6.7pp
Net margin11.4%+2.7pp
FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity9.2%+2.3pp
Debt / equity0.2×+0.2×
Current ratio2.7×+1.6×

Where this comes from

Reported directly by Mitek Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Mitek Systems’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000807863-26-000036
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Major product category
Fraud and identity solutions
SaaS$24,833$18,100$65,728$52,183
Software license and support3,6126,94412,60911,509
Professional services and other5864911,8641,531
Total fraud and identity solutions revenue29,03125,53580,20165,223
Check verification solutions
SaaS1,3191,1613,8813,500

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's software license and support — revenue?
Mitek Systems (MITK) reported software license and support — revenue of $3.61M in Q2 2026.
How has Mitek Systems's software license and support — revenue changed year-over-year?
Mitek Systems's software license and support — revenue decreased by 48.0% year-over-year, from $6.94M to $3.61M.
What is the long-term trend for Mitek Systems's software license and support — revenue?
Over 2 years (2023 to 2025), Mitek Systems's software license and support — revenue has grown at a 15.5% compound annual growth rate (CAGR), from $109.63M to $146.15M.
What does software license and support — revenue mean?
This metric represents the total revenue generated from the licensing of proprietary software solutions and the associated ongoing technical support and maintenance services. It reflects the core income stream derived from the company's primary software product offerings, excluding professional services or hardware-related revenue. Monitoring this figure provides insight into the adoption rate and recurring value of the company's core technology platform within its customer base.

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